Regular Post

Written by Scott Allen

9 September 2010

taxdebtadvisors.com – What will get the IRS off my back?

I need the IRS off my back

The IRS will leave you alone when the following has occurred:

1) You prove that you have insufficient equity in any real or personal property. If you have no equity in your car or home the IRS isn’t interested in taking it from you.

2) If you are on a payment plan and current on your payments the IRS will stay off your back.

3) If you are appealing an IRS decision, collection action will cease until a decision has be made by the Appeals Office.

4) If you have filed an offer in compromise that is deemed processible, the IRS will leave you alone.

5) If you have filed an innocent spouse claim, collection ceases as long as it is pending.

6) If you file a bankruptcy, collection action stops until your bankruptcy is over.

7) If you are classified as currently not collectible, collection action stops as long as you maintain that status.

Don’t just assume that you have no acceptable settlement options once you have been contacted by the IRS. We can assess quickly what options are available to you and even more important, get you that settlement with the IRS. Scott Allen EA is here in Mesa Arizona to represent you.

Scott Allen E. A.

Tax Debt Advisors, Inc

www.taxdebtadvisors.com

IRS Problems, Tax Debt, Tax Levy

Scott Allen EA for IRS Tax Relief

Regular Post

Written by Scott Allen

10 August 2010

STOP IRS ACTION – Substitute For Return

Stop IRS Action with SFR Protest

If you don’t file your tax returns, eventually the IRS will, based upon information about your gross income reported on a 1099, W-2’s, stock sales, sale of home and reported interest and dividends. These returns are referred to as SFR’s for substitute for return by the IRS. These returns are almost always incorrect and usually grossly overstate the true amount of taxes owed.

Many clients come to us with large SFR balances due that turn into refunds. Remember that a refund that is older than three years is permanently lost and cannot be apply towards a balance due. SFR balances cannot be discharged in a chapter 7 bankruptcy. Only a return filed by a taxpayer can be included in a tax motivated bankruptcy. There is a waiting period for this to happen. The return must be filed for two years and it be three years from the due date and no IRS adjustments in the last 240 days.

If you have filed previously a joint return, the IRS will file an SFR using the married filing separate status which eliminate lots of tax advantages and has a higher tax bracket than married filing jointly. The IRS gives not credit on SFR’s for dependents, mortgage interest, property taxes, charitable donations, auto license fees and deductible medical expenses to name just a few.

If you know that the IRS has filed SFR’s against you but you haven’t been contacted by them, consider yourself lucky and get your returns filed as soon as possible. It can take several months for the SFR unit to adjust your assessed taxes down to its correct balance and the IRS will take collection action on the higher balance until this occurs. Consider calling Scott Allen EA to handle this process for you. He will have to sign Power of Attorney so we can represent you from start to finish. He will make today a great day for you!

Scott Allen E. A.

Tax Debt Advisors, Inc

www.taxdebtadvisors.com

IRS Problems, Unfiled Tax Returns

Scott Allen EA for IRS Tax Relief

Regular Post

Written by Scott Allen

13 July 2010

STOP IRS ACTION

Stop IRS Action help in Mesa AZ

This phase can mean many things for different IRS problems. If your wages are being levied, you want the IRS to stop taking your money from you wages. If your bank account is being levied, you want that to stop or the money to be returned. If you have a tax lien filed by the IRS you want your credit to be restored by having the lien removed. If you have assets that under threat of being seized, you want to be able to sleep tonight knowing that the IRS has stopped seizure action.

The list could go on and on and a blog on this subject can only give you some general guidelines to follow. If you want a specific course of action, schedule a free one hour consultation to find out exactly what needs to be done to Stop IRS Action. This is more involved than it appears. For instance if you own more than $25,000 to the IRS, there is much more work needed to get a monthly installment arrangement than if you owe less than $25,000. And if you owe more than $100,000, the IRS will expect a few more hoops to jump through before giving you an agreement.

Here are some actions that will be necessary to Stop IRS action in Mesa AZ regardless of your problem:

First, make sure that all tax returns have been filed. The IRS will require you to be in compliance before action can be stopped. If the IRS filed a tax return for you, have a professional review it to see if filing a correct return would bring the balance owed down. This first step is to first reduce the liability before trying to reach a settlement with the IRS.

Second, compliance also means that you are currently having the right amount taken out of your pay check if you are an employee or you are current on payment of your estimated taxes if you are self employed.

Third, make sure you have a representative who understands how to posture your finances before providing financial information to the IRS. This may mean getting medical insurance or an automobile before negotiations begin. Afterwards, the amount of money left over after your settlement might now allow for these type of purchases to be made once you are locked in with the IRS.

Fourth, know all of your options to settle with the IRS. That means understanding the pros and cons of each option. Make sure you evaluate all the options at the same time. If you are married, whether your spouse is responsible for the tax debt or not, be a part of the decision process. What ever affects you affects your spouse indirectly. Especially if it pertains to money and finances.

Finally, get some professional help to stop IRS action in Mesa AZ. The IRS personnel are not bad people. But they are trained bill collectors and are not there to make you knowledgeable of your options that can make your settlement easier for you.

Scott Allen E. A.

Tax Debt Advisors, Inc. – Since 1977

www.stopIRSaction.com

BACK TAX RETURNS, IRS Problems

Mesa AZ IRS Tax Attorney, Scott Allen EA for IRS Tax Relief

Regular Post

Written by Scott Allen

30 June 2010

IRS TAX RELIEF

IRS Tax Relief

You know how easy it is to have an IRS tax debt or you wouldn’t be reading this blog. But in the opposite direction, it is also “easy” to get restored back to your original situation if you are willing to make the effort and put in the time to get your matter straightened out. Everyone deserves IRS tax relief, whatever option it may be.

No one has a goal in life to get in trouble with the IRS. All it takes is a death, divorce, substance abuse problem, a business failure or bad tax advice to start the process and once the tax problem starts rolling down the mountain, it is hard to stop.

There are five options to consider in settling with the IRS other than to just write them a check. It is important to have all five of them, with the pros and cons of each one, being considered at the same time. Those options are:

Installment arrangement
Non collectible status
Offer in compromise
Chapter 13 Bankruptcy
Chapter 7 Bankruptcy

In most cases there is really very little negotiation involved. All the “negotiation work” is done with Scott Allen EA and the taxpayer in properly evaluating their options. The challenge is to pick the right option and to support that option so well that the IRS has no choice but to agree to our settlement proposal. Success is in the preparation, support, and endurance to keep the matter in front of the IRS personnel you are assigned until the matter is settled. The IRS knows very well how to chase after taxpayers and punish them. They are very poor at being pursued to settle a matter according to the laws that Congress has given them charge to enforce.

Just like every team has a coach, you need a coach to keep you motivated, moving in the right direction and challenging you to get the IRS tax relief victory. Anyone can get a settlement with the IRS, the challenge is to get one that is a victory. A victory is a settlement that you can do and will get you restored back to your former situation in the quickest possible way.

Scott Allen E. A.

Tax Debt Advisors, Inc.

aztaxguy84

IRS Problems, Offer In Compromise

Scott Allen EA for IRS Tax Relief